Bitcoin Forum

If it really was a cold wallet then it probably was an inside job, also i think the person who finds 7000+ btc would rather keep it instead of exchanging it for 720 btc. Maybe they offered this reward on purpose to prevent doubts from people thinking bter was behind it, i could be wrong but one thing im sure is that trust with bter is mush less now and people won't be using them anymore, i think Bter is done.

no one, no robber will give 1.7 million dollars back for a 180K dollar reward!! that is so stupid
and also i find it extremely suspicious that this muck BTC was "stolen" from "cold wallet"

They probably won't, and they might just declare having lost everything.

If you didn't lose  there and were about to deposit , then you should be rather happy you didn't

Might be different in China but in most of the world there is a statue of limitations and for this sort of crime it is 4 to 10 years dependent on the jurisdiction.

BTC could go down to $0 within 5-10 years
You collect the $180K bounty and return the coins, but risk them double crossing you (jail and no money)
BTC remains stagnate in price (you walk off with $1.8 million after 4-10 years)
BTC goes up to $10K within 5-10 years (you walk off with $70 million after 4-10 years).



That is if you think these are real thieves, which they usually aren't.  You know this is going to be a repeat of the NXT hack, the hacker will come out last minute and "give back" 80% of the coin and BTER will once again hike up their fees.

Wow that is a huge amount of BTC that was robbed by those cyber thieves , I do wonder if it is an inside job.
Will bter.com be finally shutting due to this?

hope will see back bter back online soon.

another exchange hacked
honestly i dont think that this will be solved like mintpal i lost something on mintpal from that day i dont keep all on exchanges

I agree on all points. Very likely an inside job though maybe the owners don't realize it, though I'm sure this is just an excuse and attempt at trying to look innocent. Bter is done. Why would anyone use them, not to mention they'd have to pay people back which isn't realistical.

id agree that is an inside job, to rob from cold wallet is pretty impossible things to do , well unless you got some information from the inside, or perhaps bter is ready to unplug the wire?  ::) ::)

Eventually, the attacker will hit on the signatures signed by his handiwork, allowing him to discover 'k2' and ultimately derive the addresses' private key.

"He can now store the extracted private keys and watch the addresses' balance. He can use them to steal money at any point in time," Verbücheln said.

hope will see back bter back online soon.

We are deploying our new trading system with the safest ever cold wallet solution. we will finish it in 24-48 hours.

anyone from BTER on this forum? any statements?

They screwed up key generation, old storage should be generated on a permanently offline system, and signing done on that system where needed, with signatures relayed by thumbdrive or similar. Generated on an Internet-connected device (or worse, on cloud hosting), or printed over wireless, or not enough entropy in the random source, or too many people had access to the keys.

They screwed up key generation, old storage should be generated on a permanently offline system, and signing done on that system where needed, with signatures relayed by thumbdrive or similar. Generated on an Internet-connected device (or worse, on cloud hosting), or printed over wireless, or not enough entropy in the random source, or too many people had access to the keys.